Debt is a problem that millions around the world are seriously struggling with. Whether you have only a little debt or are drowning in it, there are things you'll need to know and steps you'll need to take to get back on track with your finances.

Though it may seem like it you are not alone if you are being overwhelmed by debt. Most people experience some kind of financial crisis sooner or later in their lives. Many of these problems aren't too hard to correct, but some are quite serious and will be more difficult to solve.

Being aware of and recognizing the warning signals will show whether you have a debt problem or not. If you depend on your credit cards and are always going over your spending limits, you'll likely have financial trouble If you have to borrow money to get from one paycheck to the next, you also probably have debt problems. If your wages are being garnished, if you can only afford to pay the interest on bills, if your debt doesn't really go down after months of paying, if bill collectors are harassing you or are threatening lawsuits or repossessions, well my friend you are in serious financial trouble.

Being in over your head in debt, feeling like you'll never climb out of the hole and get back on track. This is not true. It may take time and effort, but there are always things you can do to take back control of your finances and get out of debt.

You could for instance consider debt consolidation as an option. It allows you to combine your outstanding accounts into one. This can be advantageous in several ways, not the least being knowing you now have only one creditor to pay instead of several.

There are definitely more options to consider other that consolidation but this is one option that can preserve your credit at least a little bit if you by chance still have some left. Don't wait to take action. The sooner you move and get help the sooner you can get this all behind you and start living again

I agree with the advice given in the article. Whilst for me it was torture coming out of financial denial once i did it I felt that I was starting to get back some control over the situation and it became less overwhelming. The first step is the toughest but there are plenty of agencies out there that can help and we deserve to access it.